Molo Finance has reduced rates across its UK resident buy-to-let (BTL) fixed-rate products, effective today (25 June).

The lender’s BTL rates now start from 4.55% for a two-year fixed rate for both individual and limited companies up to 75% loan-to-value (LTV), equating to a 17 basis point reduction.

Five-year fixed rates for the standard range have been reduced by 15 basis points and will start at 5.06%.

Product rates for houses of multiple occupation (HMO), multi-unit freehold blocks (MUFB), new build, and investor-led properties now start from 4.65% for a two-year fixed product and 5.16% for a five-year fixed product.

Molo distribution director Martin Sims says: “After last week’s encouraging inflation news, we are now able to realign our UK resident BTL fixed rates.”

“This, we believe, will further assist our Intermediary partners when structuring their landlord clients Investment property finance and also secure enhanced future returns.”